Monarch Insurance Partners

The U.S. Supreme Court decided last week that buy/sell life insurance proceeds from a company-owned policy must be included in the company's valuation for the purpose of determining the deceased owner’s estate value. This could produce an unpleasantly large estate tax surprise for a shareholder’s estate. Do you have business owner clients who should have their buy-sell arrangement reviewed? We can help!

Business owners, have you thought about buying life insurance to cover the cost of replacing a key employee if they were lost unexpectedly? In most situations, a face amount three to five times the employee’s total compensation will cover that need – but other factors can drive that need up or down. It’s a good idea to consult a professional. Contact us for a no-obligation discussion.

As the U.S. Senate reconvenes this week, the bipartisan SECURE Act 2.0 stands a chance for approval. This could mean lots of changes for retirees and retirement savers, including tweaks to Required Minimum Distributions, contribution limits, and catch-up and Roth contributions. Check out this video from Daniel Yergan to learn more about the retirement planning landscape. https://www.youtube.com/watch?v=jiVG8eivv_Q&t=3s